Forgiveness Information
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The Options Are Getting Better
- November 13, 2023
- Posted by: Carter Davis
- Category: Forgiveness Information
No CommentsIn the past few months student loan borrowers have seen several new benefits to help reduce the cost of student loan repayment and increase student loan forgiveness. Now, the U.S. Department of Education is pushing for more targeted forgiveness benefits, which could make some borrowers eligible for forgiveness based on their unique or uncommon circumstances.
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The new SAVE repayment program has arrived!
- August 1, 2023
- Posted by: Carter Davis
- Category: Forgiveness Information
On August 1st, 2023, the U.S. Department of Education, in coordination with the various student loan servicers have began the process of implementing the new SAVE repayment program for eligible borrowers.
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US DOE Announces IDR Adjustment To Forgive 804,000 Borrowers Due To Time In Repayment
- July 14, 2023
- Posted by: Carter Davis
- Category: Forgiveness Information
On July 14th, 2023 the U.S. Department of Education announced the latest implementation of the multi-step approach to address longstanding failures associated with student loan payment count tracking for the purpose of forgiveness.
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US Supreme Court Rules Against DOE Authority To Implement Blanket Loan Forgiveness
- July 3, 2023
- Posted by: Carter Davis
- Category: Forgiveness Information
On June 30th, 2023 the Supreme Court of The United States ruled in favor of the plaintiffs in 2 cases that were consequential to the implantation of the blanket student loan forgiveness program.
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Student Loan Covid Forbearance Ends As a Result of Federal Budget And Debt Ceiling Compromise
- June 20, 2023
- Posted by: Carter Davis
- Category: Forgiveness Information
On June 3rd, 2023, the President of the United States signed the Fiscal Responsibility Act of 2023.
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PSLF Forgiveness Update: MOHELA Is Sending Approval Letters By Mail Only
- February 3, 2023
- Posted by: Carter Davis
- Category: Forgiveness Information
Beginning Sunday January 1st, 2023 (which was a holiday), the student loan servicer responsible for facilitating the Public Service Loan Forgiveness program began sending notifications to successful PSLF Waiver candidates that their loans have been forgiven in full. Fedloan Servicing, the previous student loan servicer responsible for PSLF administration had sent these notifications by email and/or documentation in a borrowers Fedloan account.
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U.S. Department of Education Clarifies The Sending Of Erroneous Forgiveness Approval Mass Emails To Student Loan Borrowers, Blames “Vendor Error”
- December 15, 2022
- Posted by: Carter Davis
- Category: Forgiveness Information
Beginning Tuesday November 22nd, 2022, more than 9 million student loan borrowers began receiving emails confirming the approval of their blanket student loan forgiveness applications, whether they had actually applied for the blanket student loan forgiveness or not.
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U.S. Supreme Court Agrees To Hear Two Forgiveness Lawsuits In February, Ruling By June
- December 15, 2022
- Posted by: Carter Davis
- Category: Forgiveness Information
On Monday December 12th, 2022 the U.S. Supreme Court has agreed to review both challenges to the blanket forgiveness plan that is currently blocked by the lower federal courts.
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U.S. Department of Educations Extends Covid-19 Student Loan Forbearance Through August 29th, 2023 Or A Sooner Date To Be Determined
- November 22, 2022
- Posted by: Carter Davis
- Category: Forgiveness Information
On Tuesday November 22nd, 2022 the U.S. Department of Education announced an extension of the Covid-19 student loan payment pause that was scheduled to end December 31, 2022.
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Department Of Education Is Emailing Approval Letters For $10K and $20K With Forgiveness Still Blocked
- November 22, 2022
- Posted by: Carter Davis
- Category: Forgiveness Information
On Tuesday November 22nd, 2022 federal student loan borrowers began receiving emails from the Department of Education entitled “Update on Student Loan Debt Relief and the Status of Your Application”.
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